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Feeder cattle receipts at test auctions continued to fall after last week's large price declines. Most yearling feeder prices were roughly steady, within $1 either side, while lighter weights dropped more.
Slaughter cow prices were mostly $2-4 lower for the week.
Weaker feeder and cow prices reflect pressure from heavy cattle supplies and futures weakness. Buyers of feeder-based feed should expect soft cattle demand to persist near term.
beefmagazine.comEd CzerwienMar 29, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
